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user100
1 month ago
6

A Notary Signing Agent wants to stand out from other NSAs by guaranteeing to borrowers and contracting companies that all of her

loan signings will take 30 minutes or less. This is:
a. Permissible as long as it is not stated as a guarantee
b. Permissible under the Notary Signing Agent Code of Conduct
c. Permissible only for reverse mortgage signing appointments
d. Prohibited under the Notary Signing Agent Code of Conduct
Social Studies
1 answer:
murzikaleks [1.2K]1 month ago
5 0
The answer is A. It's allowed provided it is not claimed as a guarantee. A notary signing agent plays a role in the loan process, working as an independent contractor to ensure that the borrower completes the loan documents, which must be returned promptly after notarization. Such agents earn a good income as their responsibilities are vital for the loan disbursement process; funding occurs only after their duties are fulfilled. However, there are limitations to their actions, including: * They cannot offer legal advice. * They cannot assure how long the loan signings will take. In this scenario, they can inform borrowers about expected signing duration but must not frame it as a guarantee.
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